Reopened Italian restaurant 2018 after fire … ‘better second time around,’ Business Journal’s Chris Trela said … new digs include upstairs bar … portion of $2M redo funded by OC givers … Sir Bruno—Order of Merit, Italian Republic, 2013—known for feeding couple million hungry kids via charity Caterina’s Club … 2017 author, ‘Power of Pasta’ … backs National Philanthropy Day
The major indexes all fell today amid heightened recessionary fears, doubts on the U.S. trade agreement with China and an overall down day for tech stocks.
John Wayne Airport had 907,000 passengers in October, down 2.5% year-over-year; commercial flights declined 1.4% to about 4,000.
Anaheim’s Biggest Shows to See 31% Rise in Attendance
2019 promises to be a blockbuster year for Anaheim’s tourism industry. And while next summer’s opening of Star Wars: Galaxy’s Edge is far, far away the biggest reason, it’s not the only one.
Five years head of destination marketer to Disneyland environs … opened 200K-SF Anaheim Convention Center expansion 2018; re-signed area’s two biggest shows, NAMM, Natural Products Expo West, combined bring 200K attendees … moved HQ from ACC campus to own offices near Angel Stadium … growing sports events marketing, med-tech shows ... wants to launch, own, events
GAMING: Software giant buys independent OC studios
Microsoft Corp.’s new quest to become the Netflix of video game streaming and original content picked up steam and talent with the recent buy of two local independent studios.
OC’s second-largest landowner, masterplanned community developer … final South County MPC: 14K-home Rancho Mission Viejo … priors: Mission Viejo, Las Flores, Rancho Santa Margarita, Ladera Ranch … working ranch grows citrus, drives cattle … annual trail ride draws notables locally, beyond … U.S. Army infantry … backs Mission San Juan ... Business Journal OC 50
AC Hotel Irvine General Manager Paul Maddison was named to the same post at Estancia La Jolla Hotel & Spa, and Irvine-based Pacific Hospitality Group, which runs both properties for investor groups it participates in, will hire a new GM in Irvine.
Spectrum, Costa Mesa Get 2nd spots
New York-based coworking giant WeWork Inc. has added two more prominent Orange County locations to its quickly expanding local portfolio, which now includes five existing and coming office spots that top 200,000 square feet combined.
Entrepreneur built, sold two fitness firms … Life Fitness to Brunswick 1997; Octane Fitness to Nautilus 2015 … raises money to fight amyotrophic lateral sclerosis—Lou Gehrig’s disease, which Nieto diagnosed with in 2005 … Chief Inspiration Officer ALS Therapy Development Institute … ‘not incurable; underfunded,’ Nieto says … given name Augustine … lives CdM, wife, Lynne, kids, grandkids … 2017 documentary ‘Augie’ made film fest rounds, directed by James Keach
TELECOM: OC jump hints at wireless potential
Rod Hanson wants to make sure your next-generation wireless devices will be able to connect to the internet super-quickly in Orange County—what’s known as 5G.
Resume: Unocal, Times Mirror, PepsiCo … ex-asst. Bob Haldeman, Nixon White House … UCLA poly sci grad; left MBA studies for 1968 Nixon campaign … cofounder, former chairman, New Majority (see Gary Hunt, Tom Tucker) … former chairman, Segerstrom Center (see Terry Dwyer) … backs Brandman University (see Gary Brahm), South Coast Rep (see Paula Tomei) … corporate boards … wife, Dee
Indexes spiked higher in midday trading on comments by Federal Reserve Chairman Jerome Powell that interest rates are near-neutral, neither spurring nor hindering economic growth.
Costa Mesa-based El Pollo Loco Holdings Inc. (Nasdaq: LOCO) named Hector Muñoz chief marketing officer ahead of an expected spring 2019 relaunch of the brand.
Opus Bank (Nasdaq: OPB), the third-largest Orange County-based bank by assets, said Chief Executive and President Stephen Gordon resigned.
HCP’s GC Oversees Corporate Reinvention
It’s not uncommon for a person to quote an inspiring leader—Lincoln, Gandhi or even Vince Lombardi—during an acceptance speech.
Started, sold, two health-dental ventures … dental-implant maker Steri-Oss led to launch DenCharge: private-label credit … Steri-Oss went to Bausch & Lomb … DenCharge added LASIK, pet-care, aesthetics; became CareCredit sold to GE Capital, spun off as part of Synchrony … Sterns gave UCI $5M, Sue and Ralph Stern Center … cancer research, clinical trials, part of UC Irvine Health … also Brandman, Girls Inc., South Coast Rep, Jewish Federation
TECHNOLOGY: Bish’s patience leads to biggest catch
It took Reynolds Bish six years to catch his biggest fish.
Started Pacific Investment Management Company, 1971, with Jim Muzzy, Bill Gross (see entries) … later launched twin programs for scholarship, grad study, UCI, alma mater Claremont McKenna College … distinguished fellows, CMC … UCI Fellowship on Democracy … late father, ASU prof., Bill Jr., spent two years, Afghanistan, UNESCO trip, teaching, taking photos … first published: Denver Post; now at Radio Free Europe/Radio Liberty website